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GLD and DBC
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Jun 19, 2009

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Tim Knight

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My faith in my GLD short continues. GLD was strong this morning, but it's lost the push higher. You can see where it broken its trendline (circled), and it has struggled toward the underside, but it's failing.

0619-gld

My faith in my commodity longs has softened quite a bit. I sold my DBC position for only a $1,200 profit; I'm not complaining about a profit, but considering the size of the position, it was really tiny; but, like the S&P, the breakout isn't really materializing.



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